The Aerospace Building, Cambridge Deal
Acquisition of a Grade A office sale and leaseback investment
Client
BMW (UK) Trustees Ltd c/o Legal & General Investment Management
Price
£10.3m
Net yield
5.48%
Related pages
The property comprised a three storey office, totalling 26,236 sq ft, let on a new 15 year lease with 5 yearly reviews to the higher of OMRV or RPI (2% - 4% collar and cap) at an initial rent of £610,000 per annum.
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